Exam (elaborations)
Open Innovation and Crowdsourcing fully solved & updated (100- accuracy).
- Course
- Institution
Open Innovation and Crowdsourcing fully solved & updated (100- accuracy).
[Show more]
Content preview
Open Innovation andCrowdsourcing fully solved &
updated 2025-2026(100%
accuracy)
What is Open Innovation? - answer Partnering with others to share
knowledge, risk, reward
What are the rationales for Open Innovation? - answer Gain access to
knowledge/skills, complementary assets, develop markets
What is Closed Innovation? - answer Innovation mostly within a single
company, assumes all risk and reward
What is Crowdsourcing? - answer Firm outsources a task to the public via
an open call
How does Crowdsourcing differ from traditional outsourcing? - answer
Firm does not handle task internally, does not outsource to a designated
supplier
What is the historical background of Crowdsourcing? - answer Grand
Challenge Era, Open-Source Era
What are some examples of historical Crowdsourcing? - answer Longitude
Prize, Napoleon's food preservation challenge, Orteig Prize, Xprize
What are some examples of Open-source projects? - answer GitHub,
Google Open Source, Allu Project
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now